FLIR Systems Selected by Seattle Times as Top Company in Annual ``Northwest 100'' Competition

PORTLAND, Ore., Jun 16, 2003 (BUSINESS WIRE) -- FLIR Systems, Inc. (NASDAQ:FLIR) announced today that it has been
named by the Seattle Times as the top company in its 12th annual
Northwest 100 competition. Approximately 175 publicly traded companies
in Washington, Oregon and Idaho were evaluated. The Northwest 100
ranking recognizes the best growth over two years in sales, market
value, number of employees and return on average equity.

"We are pleased to have earned this recognition, which is a
product of the hard work and dedication of our employees," said Earl
Lewis, President and CEO of FLIR. "Our challenge now is to continue
our efforts to grow this business so as to earn this recognition
again."

About FLIR Systems

FLIR Systems designs, manufactures and markets infrared imaging
systems worldwide for a variety of applications. FLIR's imaging
products are used in such diverse applications as public safety,
defense, navigation, electronic newsgathering and search and rescue.
Thermography products support such applications as condition
monitoring, non-destructive testing, medical science, research and
development, and manufacturing process control. For more information,
please visit their Web site at www.FLIR.com.

Forward-Looking Statements

This release contains forward-looking statements, including the
Company's expectations for recognition in the Seattle Times' Northwest
100 list in the future, which are forward-looking statements. These
statements are based on current expectations, estimates and
projections about the Company's business based, in part, on
assumptions made by management. These statements are not guarantees of
future performance and involve risks and uncertainties that are
difficult to predict. Therefore, actual outcomes and results may
differ materially from what is expressed or forecasted in such
forward-looking statements due to numerous factors, including the
following: the continuing ability to penetrate new market
applications, the federal funding levels of the US Department of
Defense, the availability and timing of federal appropriated funds for
procurement of thermal imaging systems, the Company's continuing
eligibility to contract with the Federal Government, the Company's
continued compliance with US export control laws, additional
competition, the Company's ability to win larger delivery contracts,
the impact of competitive products and pricing, constraints on
supplies of critical components, excess or shortage of production
capacity, actual purchases under purchase agreements and other risks
discussed from time to time in the Company's Securities and Exchange
Commission filings and reports, including the Company's Annual Report
on Form 10-K for the year ended December 31, 2002. In addition, such
statements could be affected by general industry and market conditions
and growth rates, and general domestic and international economic
conditions. Such forward-looking statements speak only as of the date
on which they are made and the company does not undertake any
obligation to update any forward-looking statement to reflect events
or circumstances after the date of this release.